An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. This may give you a single interface in which you can manage multiple currencies, with separate account details for each currency. You may get a
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An upgrade for Credit Unions and Community Banks?Credit unions have been a hot topic for me this week. I have had two completely independent conversations with people about them. On Tuesday night I met a chap from the US at an investor summit who mentioned he felt the…
Banking on a pre-paid card platform In recent years there have been a significant number of new “neo-banks” or “challenger banks” launched with much hype, here in the UK. Many of these appear to have been brought to market quickly, on the back of a pre-paid card platform and are buying customers now with a
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How to allocate your challenger bank’s resources most effectively As challenger banks plan for their futures and look to ensure they can weather any Brexit uncertainty, they are now looking at where best to allocate their resources. Before deciding how to best allocate your resources, it’s important to first understand the needs of your challenger
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With the threat of Brexit, and the changing regulatory environment, fintechs that are looking to expand their offering in the future are having to deal with constant challenges. As outlined in previous blog posts, there are ways around these challenges, but how should your fintech plan for future challenges?
This week saw the first International FinTech Conference organised by the Department for International Trade, and held in London.
As predicted, the Chancellor used the platform to speak about Britain in a post-Brexit era, and looking to the wider world.
The fintech industry has been in the ascendancy for years now, and hundreds of small businesses have taken the sector by storm. Countless challenger banks have sprung up over recent years, many of them offering different services. However, there are still a number of challenges that fintechs face as they look to scale up and grow their business. Here are two of the most common issues encountered by challenger banks, and some potential ways to solve them.
Competition in business is always fierce, so many businesses look to find an innovative solution to common problems in order to stay ahead of their rivals. other businesses look primarily at how user-friendly their model is, and the use of innovation and technology usually provides this. Whichever way a business arrives there, a platform will be the basis of their innovation because of the benefits it provides.